Saturday, October 16, 2010

SPY: updating elliot wave count

Updating my EW count from September 1st, this could be the road-map. If the market is following this pattern, we are now in the wave 5, wich should take us to 140 SPY. But without the help of the financial sector (the XLF, and specially the big banks, are underperforming the indexes) the risk is high.

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